Gov. Phil Murphy was among those on hand Tuesday, April 10, for a topping-out ceremony at One Rector St. in Newark — Courtesy: City of Newark
By Joshua Burd
A long-awaited, 168-unit apartment tower in downtown Newark is on track to open late this year, as its developer and public officials gathered Tuesday to mark a milestone in the project.
Joined by its high-profile partner in the project, former NBA superstar Shaquille O’Neal, Boraie Development celebrated the topping out of what will be known as One Rector Street. The firm did so alongside dignitaries including Gov. Phil Murphy and Mayor Ras Baraka, who reportedly hailed the 21-story project as another sign of Newark’s momentum.
“This is a pretty special day for Newark and New Jersey, yet another piece of evidence that this city is on the rise, let there be no doubt about it,” Murphy, said according to ROI-NJ. “And (Newark) is well off the mat. This is a city that has a trajectory that is undeniable.”
Located adjacent to the New Jersey Performing Arts Center, One Rector Street will also include about 5,000 square feet of ground-floor retail space and about 100 parking spaces across three floors, according to Gilbane Building Co. Amenities include a kitchenette, gyms and a terrace on the roof that will be accessible to tenants.
Gilbane is providing construction management services for the redevelopment, which involved demolishing an existing six-story building to make way for the 267,666-square-foot project.
“We are proud of the safe, quality work that has helped bring the incredible redevelopment project at One Rector Street to life,” said Dan Shea, vice president at Gilbane. “We are excited to continue working with Boraie to deliver this important project to downtown Newark.”
